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HDFC Bank proposes to raise Rs.50,000 crore via bonds, in the coming 12 months to fund business expansion.
In a regulatory filing the bank stated that, the decision with this respect will be taken in the board meeting, on April 21,2018.
The funds will be raised by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (Financing of infrastructure and affordable housing) up to a total of Rs.50,000 crore in next 12 months via private placement mode.
